UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 28, 2011
OM GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-12515
(Commission File Number)
52-1736882
(I.R.S. Employer Identification Number)
127 Public Square
1500 Key Tower
Cleveland, Ohio 44114-1221
(Address of principal executive offices)
(Zip code)
(216) 781-0083
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 28, 2011, OM Group, Inc. announced that Kenneth Haber, the companys chief financial officer, informed the company of his decision to retire in order to pursue personal interests. Mr. Haber will continue in his current capacity until a successor has been named and transitioned into the role.
A copy of the press release announcing Mr. Habers retirement is furnished hereto as Exhibit 99.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit |
Description | |
99 | Press Release dated June 28, 2011 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OM Group, Inc. | ||||
(Registrant) | ||||
Date: June 30, 2011 | By: | /s/ Joseph Scaminace | ||
Name: | Joseph Scaminace | |||
Title: | Chief Executive Officer |
Exhibit 99
PRESS RELEASE
FOR IMMEDIATE RELEASE
OM GROUP ANNOUNCES RETIREMENT PLANS
OF CHIEF FINANCIAL OFFICER KENNETH HABER
Company Retains Heidrick & Struggles To Conduct National Search
CLEVELAND June 28, 2011 OM Group, Inc. (NYSE: OMG) today announced that Kenneth Haber, the companys chief financial officer, has informed the company of his decision to retire in order to pursue personal interests. Haber, 60, has served as chief financial officer on a permanent basis since 2006 after joining the company as its interim CFO in 2005. Haber will continue in his current capacity until a successor has been named and transitioned into the role.
On behalf of the Board of Directors and my fellow colleagues, I want to recognize Ken for his dedicated service and commitment to OMG over the past five years, said Joseph Scaminace, chairman and chief executive officer. With Kens guidance and assistance, OM Group was able to instill a rigorous and disciplined planning and budgeting process throughout the organization, as well as create the financial flexibility and strong balance sheet needed to effect our growth strategy. While Ken leaves big shoes to fill, I am confident that OM Group will not miss a beat in its performance or in its zeal to unlock even greater shareholder value thanks, in large part, to the foundation Ken helped us lay.
It has been a privilege to work with Joe and the team at OM Group, and I thank all of my colleagues for their support and friendship during my time with the company, said Haber. I have always planned to retire at an age when I was still able to actively enjoy time with my family and a wide range of personal and community interests. Based on the strength of the companys results through the first quarter of 2011 and its positive outlook as it enters a new era of sustainable growth, I believe now is the right time for the company and for me personally to pursue an orderly transition of the CFO position.
OM Group has retained Heidrick & Struggles, the international executive search firm, to assist with the succession process. Given the confidential nature of this process that is expected to include both internal and external candidates the company will have no further comment until it is ready to announce its new CFO out of fairness to all involved.
ABOUT OM GROUP, INC.
OM Group, Inc. is a leading global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage, and unique technologies crucial to enabling our customers to meet increasingly stringent market and application requirements. The company serves a wide variety of sectors, including rechargeable batteries, electronic devices, cutting tools, petrochemical catalysts, electronics manufacturing, industrial coatings, defense, aerospace, and medical devices. Headquartered in Cleveland, Ohio, OM Group operates manufacturing facilities in the Americas, Europe, Asia and Africa. For more information, visit the companys Web site at http://www.omgi.com/.
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CONTACT: Troy Dewar, director, investor relations, +1-216-263-7765
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